Giant Group’s Board of Directors today (March 13) approved the Company’s 2025 financial results. Consolidated revenue for the year reached NT$60.25 billion, a year-over-year decline of 15.5%. The Group achieved a gross margin of 19.8%, slightly higher than the 19.0% recorded in 2024. Net profit before tax reached NT$1.38 billion, with net profit after tax of NT$723 million and earnings per share (EPS) of NT$1.84. The Board also approved a proposal to distribute a cash dividend of NT$1.8 per share, which will be submitted for approval at the Annual General Meeting scheduled for June 18.
For the fourth quarter, consolidated revenue was NT$12.29 billion, down 9.5% year over year. Gross margin improved significantly to 19.7% from 13.5% year-over-year, mainly due to the absence of inventory write-downs recorded in the fourth quarter of 2024 and reduced discounting pressure following new products rollouts in 2025.
In 2025, the Group’s OEM business demonstrated signs of stabilization, with its contribution rising from 26% in 2024 to 33% in 2025, reflecting the near completion of inventory adjustments among OEM customers. Full-year OEM revenue recorded modest growth. On the own-brand side, performance in China continued to soften due to a high base in the previous year, although the rate of decline narrowed in the fourth quarter. Markets in Europe and the U.S. experienced mild declines, impacted by slower demand recovery and U.S. -bound shipment delays.
In the first quarter of 2026, Giant Group officially launched the new-generation Giant Propel and Liv EnviLiv aerodynamic road bike series. Built on an integrated “speed system” that combines frame and component design, the new models further enhance aerodynamic efficiency and overall riding performance. The launches followed a global dual-track strategy, with major events held in Nice, France, and Qiandao Lake in Hangzhou, China, alongside a series of test‑ride activities. As highly anticipated products, the new lineup received strong initial market response, and with deliveries now reaching global retail channels, it is expected to support a recovery in branded product sales.
Looking ahead, the global bicycle market remains in a gradual recovery, with 2026 expected to mark a transition to a healthier, more stable market environment. Leveraging its strong brand foundation, continued product innovation, and comprehensive global market presence, Giant Group will continue to respond prudently to market changes, strengthen operational management, and advance its long‑term, sustainable growth.
